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NPR Topics: BusinessAug 30, 2025
Spirit Airlines files for bankruptcy for 2nd time in less than a year
The budget carrier filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization. The airline said it plans to keep flying as usual during the restructuring process.

The Economist International NewsMay 17, 2018
How global university rankings are changing higher education


EARLIER this month Peking University played host to perhaps the grandest global gathering ever of the higher-education business. Senior figures from the world's most famous universities—Harvard and Yale, Oxford and Cambridge among them—enjoyed or endured a two-hour opening ceremony followed by a packed programme of mandatory cultural events interspersed with speeches lauding "Xi Jinping thought". The party was thrown to celebrate Peking University's 120th birthday—and, less explicitly, China's success in a race that started 20 years ago.

In May 1998 Jiang Zemin, China's president at the time, announced Project 985, named for the year and the month. Its purpose was to create world-class universities. Nian Cai Liu, a professor of polymeric materials science and engineering at Shanghai Jiao Tong University, got swept up in this initiative. "I asked myself many questions, including: what is the definition of and criteria for a world-class university? What are the positions...Continue reading

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